alt Hacker NewsPeople got out of crypto after the Mt Gox thing. The ones who stayed accepted the risk.
There is selection bias in play now. The remaining people are naturally more risk tolerant. So I agree this second time around, no lessons will be learned.
Replies
wmf • yesterday at 11:29 PM
Most people in crypto are noobs, not hardened veterans of previous hacks.
Waterluvian • yesterday at 11:20 PM
By definition maybe they’re more risk tolerant. But I’m not sure they consciously identify as that.
4ggr0 • today at 6:04 AM
the crypto consumer base is veeeery different than durint Mt. Gox.
during Mt. Gox it felt like nerds and insiders, nowadays boomer dads are into crypto.
my point being that i don't agree with "the remaining people are naturally more risk tolerant", as there are way more 'new' people.
The vast majority of crypto being held now was purchased by people who had never even heard of Mt Gox.